Thanks to the price movements they have recorded in recent weeks, Bitcoin (BTC) has started trading at $40,000, and Ethereum (ETH) at $3,000. The total market value of cryptocurrencies fell below $2 trillion again during the week. Due to this bearish trend in the market, many altcoins have recorded double-digit losses in recent weeks.
Bitcoin (BTC) is trading at the $40,000 price level
At the end of March, bitcoin, which had repeatedly declined at price levels of $48,000, regained its downward momentum and dropped below $40,000 during the week. With the low volatility of price movements recorded over the past 24 hours, bitcoin has started a horizontal movement at price levels of $40,000. This depreciation of bitcoin has led to the fact that many altcoins in the cryptocurrency market have recorded double-digit losses in recent weeks. Ethereum (ETH) has fallen to a price level of $3,000 after a recent depreciation.
Accelerating the decline in the cryptocurrency market
These losses in bitcoin have led to the fact that the crypto-money market has regained downward momentum. In recent weeks, a large number of altcoins have lost positions. After recent price changes, Binance Coin (BNB) $415, Ripple (XRP) $0.77, Solana (SOL) $101, Cardano (ADA) $0.95, Terra (LUNA) $80, Avalanche (AVAX) $76 and Polkadot (DOT) started trading. at the price level of $18. On the other hand, the total market value of cryptocurrencies fell below $2 trillion again during the week, according to CoinMarketCap.
The information contained in this article is not investment advice. Investors should be aware that cryptocurrencies carry risks due to their high volatility, and should execute their transactions according to their own research.